We’ve partnered up with WooPOS to be able to offer our omnichannel merchants a POS system with integrated payments that can manage their inventory in real time between their retail store and their e-commerce store when using the WooCommerce shopping cart. This value add service aligns with our goal to make our clients’ lives easier…
With COVID-19 and government regulations wreaking havoc on the small business community across the country, it’s incredibly important for small businesses to stick together. Everywhere I turn, I hear business owners talking about the importance of shopping locally. Why buy from Amazon when you can support a local business, right? Well, why use Square for…
Maryland’s House Bill 777 was signed into law on April 30, 2019 and took effect October 1, 2019. Jaron Rice, Founder & CEO of Magothy Payments, authored this bill to help protect Maryland small businesses from the predators in the payment processing industry. In times past, big banks and merchant services providers could lock small…
The Better Business Bureau of Greater Maryland is doing a Black-Owned Business Spotlight to bring awareness to accredited, black-owned businesses in the Greater Maryland area. Our Founder & CEO, Jaron Rice, did an interview with them to talk more about our company, our beliefs, and the keys to our success. Magothy Payments is Maryland’s highest-rated…
Sometimes, you have to ask your prospective clients tough questions. When you work in a retention industry like I do, the only thing worse than not landing an account is landing the account with margins so thin you’re basically working for free. In today’s economy, we’re seeing the commoditization of almost everything. This is due…
Now, I didn’t say you have to like it. But you should definitely learn from it. As a payment processor, I work in a retention industry. So, while getting a sale is great, maintaining a relationship and keeping a client is much, much better because we make money every month off of our clients based…